Unhappy With Veterans United Lighthouse Program- Anyone know about breaking the agreement?

[VALoanMaster]

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@Anonymous wrote:
Wow, I am surprised to read the comments about the lighthouse program. I just joined a month ago. My rep had me pay two medical bills and ask to have them removed. They were eventually removed. Now I am working on getting my credit usage down to 20%. What I don't like is that all of my creditors do not regularly update my balances to the credit bureaus and lighthouse sends me a email to say that my balances are not going down despite me throwing about $1000/mo on them. Lighthouse doesn't guarantee preapproval even if you follow everything they tell you to do. I had the Experian fico app on my phone but my score was racing up and down that I couldn't take the anxiety so I deleted it. I never got higher than 609. It went 587 to 609 and now back to 588. I do feel disappointed and I have PTSD too. I am beginning to think I may never make it into a home.

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Hi Priceless963,

You need to start working with a lender who will actually help you get your scores up instead of passing you off to someone else. For example: When you pay down a credit card, I can order a rapid re-score & have updated scores in 3-5 days instead of waiting 30 days for your creditors to report the new balances.

You do not need a 620 or better score to get approved for a VA mortgage.

See this post:

http://ficoforums.myfico.com/t5/Mortgage-Loans/Lenders-for-VA-loan-with-597-mid-score/td-p/4945735

[Anonymous]

They changed the wording recently. That statement is no longer there. I tried the program in 2014 but had a personal issue arise and had to take out a personal loan. Anyway I resigned up with them in March and it was no longer there. I don't think the statement was all together legal. Now it just says you will consider them. As a consumer you have a right, no a duty, to shop around. I would highly encourage you to check the other thread. I have also had hit and miss service with this program.

[Anonymous]

Could you please send me the PM as well?  We've working with United Verterans Lighhouse and need 26 points to pre-qualify with a middle score of 620.

[Anonymous]

Please PM the list as well.  We've been working with United Veterans and they told us we needed 26 points to pre-qualify for a middle score of 620.  Each time I talk to them about the lighthouse program they need the same information I have already provided to them. We feel like we are in revolving process not getting anywhere.  

[Anonymous]

What company diid you use, and who did you use for crdeit repair?

[Anonymous]

I tried in Feb to get a loan and was referred to the Lighthouse Program by Vet United.

I didn't really feel they helped me a whole lot.  Most of the work I did was from here.  Paying off old things, Goodwills.  Payment structures.  Establish new credit.    Reading on here and learning I felt helped 1000% more than Lighthouse.

I closed in July with Veterans United, but other than the weekly calls to check in and their free service to request a new credit score faster, I question the usefulness.   

The agent I worked with did say that I seemed to have a good handle on my situation and what I was doing, so perhaps I did not get the full treatment though.  Just my 2 cents. 

[VALoanMaster]

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@Anonymous wrote:

What company diid you use, and who did you use for crdeit repair?

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Hi Nelz47,

You don't necassirly need a credit repair company depending on what's affecting your scores.

You do not need a 620 or better score to get approved for a VA mortgage.

See this post:

http://ficoforums.myfico.com/t5/Mortgage-Loans/Lenders-for-VA-loan-with-597-mid-score/td-p/4945735

[Anonymous]

Who did you end up going through for your home loan? We’re where you were a while ago and we’re not quite at 620-smh-but if lighthouse isn’t what we want to do what are our other options for less than perfect credit? Thanks!